DriveNets, Weka-supported drops amid increasing scale-across interest

Reported Saturday, Sep 26 - 7:12am EDT (TheFly subscription required to read more.)

Discover how WhiteFiber's latest launch, Continuum, is revolutionizing AI infrastructure with unmatched performance and scalability for enterprises.

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WhiteFiber, Inc. released its first-quarter results for 2026, highlighting significant revenue growth and advancements in AI infrastructure capabilities, reaffirming its market position.

WhiteFiber will issue its second-quarter earnings release before the call, where executives will discuss business updates and take questions.

Reported Wednesday, Jul 16 - 8:02am EDT (TheFly subscription required to read more.)

WhiteFiber deploys DriveNets’ Network Cloud-AI. Setting a new benchmark for scalable, multi-tenant AI infrastructure.

Bit Digital exits Bitcoin mining to focus on Ethereum infrastructure, staking, and AI HPC via WhiteFiber, signaling a long-term, cash-generating growth strategy.

WhiteFiber plans to retrofit the former Unifi Inc. manufcturing property in Madison into a high-performance computing and artificial intelligence data center campus.

WhiteFiber closed an upsized $310.0 million private placement of 5.00% convertible senior notes due 2032 on August 21, 2026, including the initial purchasers’ full exercise of a $40.0 million option, the company announced. The AI infrastructure provider received approximately $298.5 million in net proceeds, of which roughly $118.5 million went to fund a concurrent exchange of its existing convertible debt, leaving about $180 million earmarked primarily for data center expansion. The notes carry an initial conversion price of approximately $33.84 per share, a 25% premium over WhiteFiber’s last reported sale price on the Nasdaq Capital Market on August 18, 2026. The offering priced on August 19, 2026 at $270.0 million, already upsized from the $250.0 million private placement the company proposed earlier that week, before the option exercise took the final principal to $310.0 million. Alongside the new notes, WhiteFiber exchanged $198.15 million in aggregate principal of its 4.500% convertible senior notes due 2031 with certain existing holders for approximately $118.5 million in cash, including accrued and unpaid interest, plus approximately 6.3 million ordinary shares. The exchange cuts the outstanding principal on the 2031 notes to approximately $31.85 million — retiring about 86% of a convertible layer the company had...